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KMD Brands Limited (ASX:KMD)

ALERT: Price-sensitive ASX Announcement for KMD
Current share price for KMD : $1.420 1.368 (2,630.77%)+
Announcement
Release
27 May 2026 7:34AM
Price at Release
$0.052
Full Release
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Summary
KMD Brands Limited reported continued performance improvement in the third quarter of the 2026 financial year through its 'Next Level' strategy execution. The company achieved a group gross margin of 58.2% for Q3 FY26, an increase of approximately 258 basis points year-over-year. Kathmandu's sales rose by 12.0% in Q3 despite a reduction in store numbers, with significant growth in key product categories. Rip Curl experienced a slight sales decline due to geopolitical tensions but maintained a strong gross margin. Oboz faced sales declines due to timing issues but showed promise for recovery. The company focuses on optimizing its store network, enhancing digital capabilities, and international expansion. KMD Brands has initiated a business review to explore ways to enhance shareholder value, supported by a recent recapitalization and the engagement of external advisers.
Key Points
  • KMD Brands reported a 58.2% gross margin for Q3 FY26, up 258 basis points year-over-year.
  • Kathmandu saw a 12.0% increase in sales in Q3 despite fewer stores.
  • Rip Curl's sales were impacted by geopolitical tensions but maintained strong gross margins.
  • Oboz sales declined due to shipment timings but showed potential for future growth.
  • The Group focuses on store network optimization and digital business enhancement.
  • KMD Brands initiated a business review for potential shareholder value improvements.
  • The company enhanced its capital structure through recent recapitalization.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.